Pick Up a Celebrities Home Cheap

It looks like regular people are not the only ones having money troubles. See this story from Chris Palmeri at Business Week. The problems faced by entertainer Ed McMahon have been widely publicized, but other well-known people are in similar straits.

Boxer Evander Holyfield lost his $10 million estate in Atlanta in May to foreclosure. Baseball great Jose Cansecoâ€™s $2.5 million home in suburban Los Angeles is also in foreclosure, as is the home of former Tennessee Titan football player Adam â€œPacmanâ€ Jones. Ex-NBA star Latrell Sprewell is in danger of losing his $405,000 Milwaukee home and his yacht has been repossessed.

Actor Dustin Diamond, who played Screech on “Saved by the Bell,” saved his home by selling T-shirts on his Web site and asking fans for money on the Howard Stern Show.

Singer Michael Jackson cut a deal with casino owner Tom Barrack to get out from under loans on Neverland Ranch by appearing in Barrackâ€™s establishments.